Mortgage Rates

[EileenH]

I just got my update on the new mortgage rates in from my lender. I was expecting a nice wee surprise - only to discover, given that last months interest rates dropped like a stone, that my mortgage rate has gone down by half a percent!!! I wonder if the rates had gone up instead of down, would they have still only have increased my rates by half a percent? I think not!

[LANDROVER ROGER]

I feel that it should be a full drop as per decrease across the board.The Government should make it a legal requirement,not just saying this is what you should do.

[EileenH]

It would be interesting to see if all lenders are doing the same thing. I'm with a major bank whom I would have expected to be a bit more competitive. Maybe if we threatened to move elsewhere for a better deal they might think twice.

[LANDROVER ROGER]

Go for it!